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Episodes

#25: Raising a Family While Seeking Financial Freedom with Chris and Debbie Emick

6/18/2018
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Chris and Debbie Emick have two daughters—AND are well on their way to financial independence through a combination of local and long distance real estate investing coupled with frugality and conscious spending. Chris and Debbie are everyday Joes living the dream in small-town Colorado. Debbie home schools their two daughters and manages their rental property business from home, after her 14-year career in teaching. Chris is a passionate leader to his team of network engineers by day and...

Duration:01:06:33

#24: Getting Financially “Naked” with Your Significant Other — With Erin Lowry

6/11/2018
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Erin’s parents taught her about money from a very early age. She paid for half of everything she wanted, which helped her figure out financial prioritization. When it came time for college, she decided against her dream college to avoid significant student loan debt by attending a college based on scholarship. Basically, Erin set herself up for a good financial future. But most people are not taught about money, and they do not make such sound financial choices. Today Erin talks about...

Duration:01:08:10

#23: A Mini-Retirement Road Trip in Your 20s with Becky & Noah

6/4/2018
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Becky and Noah are in the first half of their gap gear, a pre-FI road trip around America. They didn’t grow up rich, but they carefully planned out their life to avoid student debt. Both earned the same Chick Evans Caddie Scholarship to Purdue University that paid full tuition and came with housing. They made smart career choices earning employable, in-demand degrees that allowed them to earn high salaries. After discovering FI on Reddit, they made a few tweaks to their lifestyle, quit...

Duration:00:55:38

#22: How to Pay Off 6-Figure Student Loans While Pursuing Financial Independence with Travis Hornsby

5/28/2018
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Student loan debt is a HUGE problem facing millions of people - and it continues to grow every year. Today we are joined by Travis Hornsby from Student Loan Planner who shares several options for paying back your student loans, including loan forgiveness. Travis shares his rule of thumb for deciding whether to pay off your loans or take the forgiveness route, and tips for refinancing your student loan debt. He also gives future college attendees a few things to consider BEFORE choosing a...

Duration:01:09:04

#21: How Losing 260 Pounds Spurred Job & Investing Success with Tony Garden

5/21/2018
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Tony Gayden grew up in a lower middle class household where money and finance were not discussed. He sought comfort in food, eventually reaching 476 pounds and drowning in debt. In this episode, Tony shares his weight-loss journey and how he parlayed the lessons and discipline he learned into successful debt reduction and finally starting to invest. Today, Tony works at his dream job with no plans to quit, but uses his investments to protect himself should his circumstances change. Links...

Duration:01:14:45

#20: The Simple Path to Wealth—Index Funds Explained with JL Collins

5/14/2018
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Jim Collins has literally done it all. From busboy, produce, clerk, and gas station attendant, to ad agency founder, sales trainer, radio co-host, and publisher. He is a prolific world traveler, having visited more than 30 countries on five continents via motorcycle, car, train, plane, boat—and even elephant. Jim has lived a very good life. And along the way, Jim has learned that money is a tool that can offer the freedom to live the life you want to live. He’s also figured out that...

Duration:01:17:00

#19: The Ultimate Real Estate Retirement Plan with Chad Carson

5/7/2018
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Chad Carson has never had a “real job.” Instead, he has parlayed his experience helping with his father’s rental business into his own real estate rental business. Now, Chad owns enough real estate that he’ll never have to work at a real job. In fact, when we spoke to Chad, he called us from Ecuador — where he’s been living for a year in order to submerse his children in the Spanish language. His rental business ran itself while he was away. He was able to take an extended vacation and...

Duration:01:10:00

#18: Accessing Retirement Funds Before Age 59½ with The Mad Fientist

4/30/2018
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Early retirement is a goal many people have. Diligently saving for retirement age to fund your life after you stop working is great, but the same programs that help you avoid taxes while saving come back and hit you with taxes AND penalties if you access those funds early. But wait! The Mad Fientist made it his mission to figure out how to reduce his taxes—or eliminate them altogether AND avoid penalties. In this episode of the BiggerPockets Money Podcast, the Mad Fientist shares 3 ways...

Duration:01:31:28

#17: Building a Lean Business With (Almost) No Capital with Alan Donegan

4/23/2018
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On this week’s episode of the Biggerpockets Money Podcast, we chat with Alan Donegan. Alan Donegan watched - and helped - his father run a super-successful sportswear company, until the economy shifted and they lost everything. Determined to not follow this path, Alan got a job. Then another and another and another. He couldn’t find anything he wanted to do - so he created his own job, teaching people how to create theirs. Taking lessons from his father’s experiences, Alan teaches...

Duration:01:09:18

#16: Financial Security Through Passive Income with Joel Larsgaard

4/16/2018
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As a kid, Joel Larsgaard watched his parents work jobs they didn’t like to pay for things they didn’t need. They missed out on some of the priceless moments that life has to offer, culminating in bankruptcy when Joel was 12. We discuss how that unfortunate event permanently altered Joel's view about money and shaped his entire future. This experience led him to pursue multiple passive income streams, so he never has to go through that again. Links from the Show BiggerPockets...

Duration:00:57:57

#15: The Pillars of FI, Pt. 2: Designing the Life You Want with Brad Barrett and Jonathan Mendonsa from Choose FI

4/9/2018
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This is the last half of the epic interview with Brad and Jonathan from Choose FI. Continuing where we left off from last week, we finish up the Pillars of FI conversation, including beginner level topics you can be doing such as frugality and index fund investing but also touch on more advanced topics like tax optimization and travel hacking. If you have not yet listened to part one, you can find that here. This episode - along with last week’s part one - is a must-listen for anyone on...

Duration:00:47:51

#14: The Pillars of FI: Designing the Life You Want with Brad Barrett and Jonathan Mendonsa from Choose FI

4/2/2018
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On today’s epic show, we speak with Brad Barrett and Jonathan Mendonsa from Choose FI. Brad and Jonathan share their pillars of financial independence — the 10 things you need to do in order to achieve FI. We cover beginner-level topics such as frugality and index fund investing, but we also touch on more advanced topics like tax optimization and travel hacking. This episode went so long — and contained such fantastic information — that we simply could not squeeze it into a regular show....

Duration:00:59:26

#13: Achieving FI Before 40 Despite Breaking Every Financial "Rule" with Tanja from Our Next Life

3/26/2018
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Tanja reached financial independence (FI) and retired from her full-time, high-stress job at age 38—despite not being a natural saver, having purchased two brand-new cars in the past, and not maxing out her 401(k) in the beginning—pretty much breaking every FI “rule” out there. Tanja was not focused on early retirement or financial independence when she met Mark, but quickly got on board. Her 60-hour-per-week job took up all her time and "brain space,” and more than 100 plane trips per...

Duration:00:48:01

#12: How to Become an “Overnight” Success in 10 Short Years with David Greene

3/19/2018
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While David Greene is a long-time real estate investor, best-selling author, and one of the top real estate agents in California today, his career started in the most unlikely of places—as a busboy at a restaurant. Learning how hard work and hustle, combined with a willingness to identify and serve the needs of others, took him from busboy at a restaurant to a college graduate with $95,000 in investable liquidity. After becoming a police officer, David Greene began building a real estate...

Duration:01:01:18

#11: Financial Freedom in Less Than Five Years with Joel from FI 180

3/12/2018
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Joel and his wife were barreling down the wrong financial path - saving nothing and spending more than $100,000 every year. A freak car accident literally changed the direction of their lives by causing them to re-evaluate and decide on what was truly important in life. In five short years, they went from a negative savings rate to saving 85% of their income, allowing Joel to quit a job that was making him miserable. They did this by making regular changes to their spending, and cutting...

Duration:01:13:15

#10: Designing a Frugal But Luxurious FI Life by Age 32 with Liz Thames

3/5/2018
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In March, 2014, Liz and her husband made the conscious decision to stop their big city, big spending lifestyle, and adopt a frugal mindset in order to realize their new goal of moving out of the hustle and bustle and into the woods. Their 180 turn took them from dinners out every night to 66 acres in the woods of Vermont, where they happily raise their daughters and live the life they want - with no stress, no financial strains and ultimate financial freedom in just over two years, by May...

Duration:01:04:26

09: Financial Independence at Age 30 (by House Hacking + Side Hustles) with Drew from Guy On Fire

2/26/2018
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What would happen if someone had early financial independence in mind right out the gate, upon graduating college? Imagine the amount of money that person could stockpile... Today’s guest had exactly that in mind, and made the kind of decisions that will allow him to retire early (maybe even in his twenties!!!). Meet Drew, the “Guy on Fire.” At age 27, he has already accumulated four properties with seven units in the hot Washington DC housing market. He makes the numbers work, and work...

Duration:00:54:43

#08: From Financially Perfect to Rock Bottom (and back again) with Tiffany “The Budgetnista” Aliche

2/19/2018
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Tiffany Aliche grew up talking about money. Her dad was an accountant, her mother actively engaged the children in grocery shopping and other areas of finance. She was a teacher at a private school and had just bought her first house. Then she met a “friend” who convinced her to invest in his get-rich-quick scheme. Promised future returns led to foolish spending. The economic downturn led to a lost job, and in turn a lost home. Bouncing between family members, Tiffany had a revelation:...

Duration:00:52:38

#07: How Breakfast Food Motivated Financial Freedom with Mr. and Mrs. Waffles on Wednesday

2/12/2018
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Mr. and Mrs. Waffles on Wednesday (WoW) were doing everything wrong. They ran up ridiculous tabs at a local restaurant/bar just ‘hanging out,’ while getting abysmal returns from their financial planner - and paying 1% for this terrible advice. Disatisfaction with 5% returns while the market saw 25% returns spurred a Google search, which landed them on a website that told them exactly how to invest in the stock market (hint: Index Funds). This site also introduced them to the concept of...

Duration:01:07:11

#06: Fearlessly Paying off Massive Student Debt on $30,000 per Year with Sarah Wilson

2/5/2018
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Are you tired of hearing success stories from folks who are earning $60,000, $80,000, or even $100,000 or more paying off debt and moving toward financial freedom? Where’s the inspiration for the folks out there that do not earn above average incomes? Look no further than today’s guest for that inspiration. Sarah Wilson paid off $33,000 of student loan debt. Why is this a big deal? Because she did it while making less than $30,000 a year! Not even considered a “living wage” in most...

Duration:00:30:57